In the week of July 7-13, affected by the sharp drop in domestic cotton prices in Pakistan, the price of cotton yarn in Pakistan continued to decline, while the prices of polyester-cotton yarn (PC) and polyester-viscose yarn (PV) were affected by the prices of polyester fiber and viscose fiber. rose, a slight increase of 1%.
According to statistics, the increase in polyester staple fiber prices last week stimulated a sharp increase in the prices of polyester yarn and filament yarn. The price of 1.4D polyester staple fiber increased by 2 rupees/kg to 125 rupees/kg, a month-on-month increase of 1.63%. As the prices of PTA and MEG increased, the price of domestic viscose fiber in Pakistan rose by 5 rupees/kg last week, and the price of imported polyester from China rose to US$2.00/kg; the price of polyester imported from China soared to US$1.06/kg.
Strongly supported by rising demand from China, Pakistan’s cotton yarn export prices have basically remained stable. At present, Pakistan’s textile production and exports are declining overall, and the production profit margins of textile enterprises remain at a low level. At the same time, affected by the instability of Pakistan’s domestic policies, the decline of Pakistan’s currency has also had a certain impact on textile companies. Pakistan’s blended yarn rises slightly, cotton yarn export price stabilizes
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